Binance Coin, Dogecoin, Litecoin, Waves Value Evaluation: 16 April – AMBCrypto Information

Advertisements

The crypto market has been sideways in the past few days after an intense wave of selling. Binance Coin and Litecoin have also been moving sideways after a bounce in the past few days, however, the market structure still had a bearish outlook. Dogecoin has formed an ascending channel, while Waves also has a bearish market structure in the near term.

Binance Coin (BNB)

Source: BNB/USDT on TradingView

For Binance Coin, the $418.2 resistance level is a strong level of resistance for the past week. After dipping as far south as $395, BNB saw a bounce to $425. The price has been on a downtrend, or a pullback, from the $460 level. However, BNB has been on an uptrend since late February which meant this move downward could be just a pullback.

The RSI has been hovering around neutral 50 in the past few days and stood at 41 at press time. The OBV has also been in a downtrend but has gone flat in the past couple of days.

Dogecoin (DOGE)

Binance Coin, Dogecoin, Litecoin, Waves Price Analysis: 16 April

Source: DOGE/USDT on TradingView

Dogecoin has traded within an ascending channel (white) and, at the time of writing it slipped beneath the mid-range. This development, combined with the rejection at the $0.148 level, meant DOGE could dip to the channel lows.

The channel lows could see DOGE bounce higher and possibly climb above the $0.148 level. The RSI stayed above neutral 50, but only barely. The Awesome Oscillator also showed bullish momentum, but not very strong momentum.

Litecoin (LTC)

Binance Coin, Dogecoin, Litecoin, Waves Price Analysis: 16 April

Source: LTC/USDT on TradingView

The Volume Profile Visible Range showed the Point of Control to be at $125. Other high volume nodes for the visible range lie at $$111, $114, and $127. At press time, LTC was trading at the Value Area Lows. If $112.7 can be flipped to support, a bullish move could materialize.

The MACD was flat in the past few days, although it has been above the zero line. The Cumulative Volume Delta did not show heavy buying nor selling in the past couple days, and even before then, has been oscillating from one side to the other.

Therefore, more sideways trading or a possible bullish move could be seen, especially if BNB can climb past $115.8.

Waves

Binance Coin, Dogecoin, Litecoin, Waves Price Analysis: 16 April

Source: WAVES/USDT on TradingView

Waves has a bearish market structure, as it has formed a series of lower highs and lower lows. The past few days have seen the price defend the $20.46 support level. Following this bounce from $20.46 to $22, the RSI climbed above the neutral 50 line to show bullish momentum.

The DMI also showed a strong bullish trend present in the lower timeframes, as the ADX (yellow) and the +DI (green) rose above the 20 mark. However, the $23.4-$24 area is likely to pose stiff resistance to the bulls.


Share post on

Sonic BTC is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

Binance stops Luna and UST exchanging following implosion – TechCrunch Binance

Binance stops Luna and UST exchanging following implosion – TechCrunch

Binance, the world's largest cryptocurrency exchange, has halted the trading of Terraform Labs' Terra...

By wpadminsonic164
How will regulatory points and obligatory KYC have an effect on the value of Binance Coin (BNB)?  – Cointelegraph Binance

How will regulatory points and obligatory KYC have an effect on the value of Binance Coin (BNB)? – Cointelegraph

Binance Coin (BNB) was up 30% in two weeks, but the fourth largest cryptocurrency...

By wpadminsonic164
Binance

Contrasting Binance Coin Versus Ouster Reveals New Low – Nasdaq

Here at CryptocurrenciesChannel.com, we find it interesting to track various ETF and stock prices...

By wpadminsonic164
Binance advanced land as ‘safe’ speculation before $40bn breakdown – Financial Times Binance

Binance advanced land as ‘safe’ speculation before $40bn breakdown – Financial Times

Binance promoted terraUSD as a “safe” investment just weeks before the stablecoin and its...

By wpadminsonic164
Binance UK accomplices with Fintech Founders bunch – AltFi Binance

Binance UK accomplices with Fintech Founders bunch – AltFi

alternative lendingdigital bankingSavings and Investments With the UK government throwing its weight behind the...

By wpadminsonic164
Nervos launches cross-chain bridge to Binance Sensible Chain – Benzinga – Benzinga Binance

Nervos launches cross-chain bridge to Binance Sensible Chain – Benzinga – Benzinga

NEW YORK, January 14, 2022 /PRNewswire/ -- Nervos today announced the launch of a...

By wpadminsonic164
Some Binance Employees Suggested Trading Against Their Own Users During Luna and UST Drawdown – U.Today Binance

Some Binance Employees Suggested Trading Against Their Own Users During Luna and UST Drawdown – U.Today

Arman Shirinyan Binance CEO could have made small fortune trading against his own users,...

By wpadminsonic164
Binance’s 10K Euro Restrict on Russian Accounts Makes Funds Problematic – PYMNTS.com Binance

Binance’s 10K Euro Restrict on Russian Accounts Makes Funds Problematic – PYMNTS.com

Binance, the world's largest cryptocurrency exchange informed Russian customers Thursday (April 21) that it...

By wpadminsonic164

Latest Posts

Could Calyx Token (CLX) be essentially as fruitful as major cryptos like Cardano (ADA) and Ripple (XRP)? – ANI News Cardano

Could Calyx Token (CLX) be essentially as fruitful as major cryptos like Cardano (ADA) and Ripple (XRP)? – ANI News

ANI | updated: May 24, 2022 10:02 IS New Delhi [India], May 24 (ANI/ATK):...

By wpadminsonic164
Bitcoin unter $50K! Kommt jetzt der BÄRENMARKT? Evergrande Zahlungsausfall! | Crypto News Videos

Bitcoin unter $50K! Kommt jetzt der BÄRENMARKT? Evergrande Zahlungsausfall! | Crypto News

NOCH FRAGEN? Schreib ein Kommentar und starte eine Diskussion! ABONNIEREN! Abonnier jetzt um nichts...

By wpadminsonic164
Prime 10 Altcoins to Watch Carefully in 2022 for Good Returns – Analytics Perception Stellar

Prime 10 Altcoins to Watch Carefully in 2022 for Good Returns – Analytics Perception

by Satavisa Pati January 1, 2022 You can invest in these top 10 altcoins...

By wpadminsonic164
Dogecoin: A very good entry set off for DOGE bulls could be discovered at… – AMBCrypto Information Dogecoin

Dogecoin: A very good entry set off for DOGE bulls could be discovered at… – AMBCrypto Information

Disclaimer: The findings of the following analysis are the sole opinions of the writer...

By wpadminsonic164
Polkadot

Top 10 Cryptocurrencies With a Better Future Than Bitcoin – hackernoon.com

Cryptocurrencies gaining popularity due to their ability to provide smooth transaction payments in a...

By wpadminsonic164
‘Night Sky’ Ending Explained and All Your Questions Answered – CNET Stellar

‘Night Sky’ Ending Explained and All Your Questions Answered – CNET

Prime Videos night sky might not be the most high-octane of sci-fi thrillers, but...

By wpadminsonic164
Binance stops Luna and UST exchanging following implosion – TechCrunch Binance

Binance stops Luna and UST exchanging following implosion – TechCrunch

Binance, the world's largest cryptocurrency exchange, has halted the trading of Terraform Labs' Terra...

By wpadminsonic164
Cardano

Ethereum, Ripple, Binance Coin, Cardano, and Polygon – Cardano Feed

This week, we take a closer look at Ethereum, Ripple, Binance Coin, Cardano, and...

By wpadminsonic164